Structuring a Balloon Am Schedule with Graduated Repayment Plan?

[Brandon Sturgill]

I am working on putting together a balloon mortgage with a 6-month graduated repayment schedule to permit stabilization of the asset (a storage facility). How do the first six payments affect the the monthly payment at balloon?

Purchase price $115k

$7,500 down

60 month balloon

30 year am schedule

6% interest

no early prepayment

no other scheduled payments to principal in addition to routine payment

Payment 1 $200

Payment 2 $275

Payment 3 $350

Payment 4 $425

Payment 5 $525

Payment 6 $625

Payment 7-59 resume schedule